Modifications INCREASING Federal AGI
Below is a list of additions to Rhode Island income you are required to report by the Rhode Island Department of Revenue should they apply to you for the current tax year:
- Rhode Island fiduciary adjustment as beneficiary of an estate or trust
- Recapture of Family Education Account Modifications
- Bonus depreciation that has been taken for federal purposes that must be added back to Rhode Island income
- Recapture of Tuition Savings Program modifications (Section 529 accounts)
- Recapture of Historic Structures - Tax Credit, Motion Picture Production Company Tax Credit, Historic Preservation Tax Credit 2016, or Musical and Theatrical Production Tax Credit modifications decreasing Federal AGI previously claimed
- Recapture of Scituate Medical Savings Account modifications.
- Pass-through Entity Tax Elected to be Paid under RIGL §44-11-2.3
- Taxable portion of Paycheck Protection Loan amount
Program Entry
To enter additions to income on your Rhode Island return within your account, please follow the steps below:
- State Section
- Rhode Island Return
- Additions to Income
For additional information pertaining to these additions, please see Schedule M.